• Analytics
  • News and Tools
  • Market News
  • EIA’s report reveals bigger-than-expected advance in U.S. crude oil inventories
Market News
09.10.2019, 14:34

EIA’s report reveals bigger-than-expected advance in U.S. crude oil inventories

The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories jumped by 2.927 million barrels in the week ended October 4. Economists had forecast a gain of 1.900 million barrels.

At the same time, gasoline stocks declined by 1.213 million barrels, while analysts had expected a drop of 0.900 million barrels. Distillate stocks reduced by 3.943 million barrels, while analysts had forecast a decrease of 2.000 million barrels.

Meanwhile, oil production in the U.S. climbed by 200,000 barrels a day to 12.600 million barrels a day.

U.S. crude oil imports averaged 6.2 million barrels per day last week, down by 67,000 barrels per day from the previous week.

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location